Surprisingly, one of the lowest prices found in the survey-$11,000-was found in Montana, which is not considered a major cocaine center. Miami had the lowest price per kilo-$9,000 to $10,000-before the crackdown, but that has shot up to $20,000, said Metro-Dade Police Detective George Reyes. * Proximity to foreign suppliers or direct connections to them. Law enforcement officials say kilo and street prices are determined by several factors. Wholesale prices of kilos around the country are $14,000 to $15,000 in far South Texas near the Mexican border $14,000 to $18,000 in New York $16,000 to $18,000 in Dallas $16,000 to $20,000 in Seattle and in the Northeast region including Boston $18,000 to $20,000 in New Orleans $18,000 to $24,000 in Colorado and about $20,000 in Kansas City, Mo. Law enforcement officials say some of the increase may be due to entrepreneurs taking advantage of fears that supplies may dry up.
Cocaine prices have gone up in some areas while declining in others. The impact of Colombia’s crackdown on drug traffickers, launched in August, remains unclear. Based on the $10,000 price, the 20 tons would have cost $181 million. Tim Beard said the price per kilo runs about $10,000 to $15,000, depending on the quantity and buyer.
Meanwhile, Los Angeles police calculate the street value of cocaine at $170,250 per pound, making the haul worth $7 billion.īut the people who bought that cocaine lost far less than even $2 billion. Zienter, later placed the street value at $20 billion. The DEA special agent heading the Los Angeles office, John M. Local DEA spokesman Ralph Lochridge issued the first “very conservative” estimate of street value-$2 billion. Federal agents in Los Angeles seized about 20 tons of cocaine from a warehouse Sept.
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